‘Nigeria targets 50% reliance on renewable energy by 2020’

Nigeria targets 50% reliance on renewable energy by 2020’

Nigeria says it is targeting reliance on renewable energy to be 50 per cent of its power output by 2020, so says the Vice President, Professor Yemi Osinbajo.

Speaking Thursday, while receiving a delegation led by the Indian High Commissioner in Nigeria, Mr. B. Nagabhushana Reddy, at the Presidential Villa, Abuja, Osinbajo said “We are doing some expandable work in solar energy”.

He added, that about 1000MW of solar could see Nigeria to 50 per cent reliance on renewable energy.

Welcoming the Indian High Commissioner, who recently resumed in Nigeria, the Vice President said Nigeria appreciated the $100m credit facility from India to be injected into the Nigerian economy, especially in the power sector.

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Laolu Akande, Senior Special Assistant-Media & Publicity in a statement said the new High Commissioner had earlier described the recently launched Green Alternative in Nigeria as the agricultural road map, which India would take keen interest in expanding.

Earlier the Indian High Commissioner said his country supports the plan of the Buhari administration to “make the Nigerian economy strong.”

He also welcomed the recently launched “Green Alternative,” the agricultural road map of the Federal Government, saying India has a keen interest in expanding domestic agric production in Nigeria and also in obtaning quality agric products for exportation.

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